Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses.
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Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Phone441-296-6395
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.87 billion
Profitability
Miscellaneous
Employees5,275
Next Earnings Date12/3/2019 (Estimated)
OptionableOptionable
Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions
What is Marvell Technology Group's stock symbol?
Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."
How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?
Marvell Technology Group announced a quarterly dividend on Friday, September 20th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.06 per share on Wednesday, October 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Wednesday, October 9th. View Marvell Technology Group's Dividend History.
How will Marvell Technology Group's stock buyback program work?
Marvell Technology Group declared that its board has authorized a share buyback plan on Tuesday, October 16th 2018, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
How were Marvell Technology Group's earnings last quarter?
Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its quarterly earnings data on Thursday, August, 29th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.11. The semiconductor company earned $656.56 million during the quarter, compared to analyst estimates of $650.29 million. Marvell Technology Group had a positive return on equity of 5.25% and a negative net margin of 14.42%. Marvell Technology Group's quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. View Marvell Technology Group's Earnings History.
When is Marvell Technology Group's next earnings date?
What guidance has Marvell Technology Group issued on next quarter's earnings?
Marvell Technology Group issued an update on its third quarter earnings guidance on Thursday, August, 29th. The company provided earnings per share (EPS) guidance of $0.15-0.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.21. The company issued revenue guidance of approx $640-680 million, compared to the consensus revenue estimate of $698.38 million.
What price target have analysts set for MRVL?
25 analysts have issued 1 year target prices for Marvell Technology Group's shares. Their predictions range from $20.00 to $30.00. On average, they anticipate Marvell Technology Group's share price to reach $27.20 in the next year. This suggests a possible upside of 14.7% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.
What is the consensus analysts' recommendation for Marvell Technology Group?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.
What are Wall Street analysts saying about Marvell Technology Group stock?
Here are some recent quotes from research analysts about Marvell Technology Group stock:
- 1. According to Zacks Investment Research, "Marvell is benefiting from strong growth in networking business. Demand stemming from HDD, SSD and fiber channel end markets positively impacted storage revenues. The company’s recent acquisitions of Avera and Aquantia are expected to boost its Ethernet and PHY businesses. Further, Marvell divested its Wi-Fi business to NXP Semiconductors recently, which will help it focus on other high growth areas. However, increasing operational expenses were headwinds. The Huawei ban and negligible demand from base station OEMs that are currently migrating 4G to 5G were overhangs. Further, export restriction and CPU shortages are expected to keep storage revenues under pressure. Seasonal decline in Wi-Fi revenues is also expected to be an overhang in the near term. Shares have underperformed the industry on a year to date basis." (10/11/2019)
- 2. Needham & Company LLC analysts commented, "MRVL’s F4Q19 results were in line with revised guidance, but F1Q20 guidance was below expectations. Storage and Networking are expected to decline again Q/Q in F1Q20 driven by the weak macro environment and inventory digestion by cloud customers. Reflecting improving bookings post CNY and the 5G ramp with Samsung in F2H20, MRVL believes F1Q20 will represent the revenue trough. MRVL believes it undershipped HDD end market demand in F4Q19 and will again in F1Q20, setting up a possible recovery in F2Q20. MRVL announced it is engaged with a 2nd tier-one base station OEM for a 5G design based on a custom Fusion-M, which should sample in early FY21. While we lower estimates, we maintain our $23 PT (~18x our CY20 NG EPS est.) and are buyers on weakness given MRVL’s valuation and 5G growth opportunities." (3/8/2019)
Has Marvell Technology Group been receiving favorable news coverage?
Media coverage about MRVL stock has been trending somewhat negative on Thursday, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Marvell Technology Group earned a news sentiment score of -1.9 on InfoTrie's scale. They also assigned news headlines about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Marvell Technology Group.
Who are some of Marvell Technology Group's key competitors?
Some companies that are related to Marvell Technology Group include Micron Technology (MU), Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Advanced Micro Devices (AMD), TOKYO ELECTRON/ADR (TOELY), Xilinx (XLNX), Kyocera (KYOCY), Microchip Technology (MCHP), Infineon Technologies (IFNNY), STMicroelectronics (STM), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), ASE Technology (ASX) and Advantest (ATEYY).
What other stocks do shareholders of Marvell Technology Group own?
Who are Marvell Technology Group's key executives?
Marvell Technology Group's management team includes the folowing people:
- Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
- Ms. Jean Hu, Chief Financial Officer (Age 56)
- Mr. Neil Y. Kim, Exec. VP & CTO (Age 60)
- Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 59)
- Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)
Who are Marvell Technology Group's major shareholders?
Marvell Technology Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Polaris Greystone Financial Group LLC (0.14%), State of Alaska Department of Revenue (0.03%), Gateway Investment Advisers LLC (0.03%), Robeco Institutional Asset Management B.V. (0.03%), Envestnet Asset Management Inc. (0.03%) and Gulf International Bank UK Ltd (0.02%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Sehat Sutardja, Syed Ali and Willem A Meintjes. View Institutional Ownership Trends for Marvell Technology Group.
Which major investors are selling Marvell Technology Group stock?
MRVL stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., NuWave Investment Management LLC, Envestnet Asset Management Inc., Gulf International Bank UK Ltd and Landsberg Bennett & Dubbaneh LLC. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View Insider Buying and Selling for Marvell Technology Group.
Which major investors are buying Marvell Technology Group stock?
MRVL stock was purchased by a variety of institutional investors in the last quarter, including Polaris Greystone Financial Group LLC, Gateway Investment Advisers LLC, State of Alaska Department of Revenue, Toth Financial Advisory Corp, Starfire Investment Advisers Inc., Sumitomo Mitsui DS Asset Management Company Ltd, First American Trust FSB and Massey Quick Simon & CO. LLC. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.
How do I buy shares of Marvell Technology Group?
Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Marvell Technology Group's stock price today?
One share of MRVL stock can currently be purchased for approximately $23.71.
How big of a company is Marvell Technology Group?
Marvell Technology Group has a market capitalization of $15.81 billion and generates $2.87 billion in revenue each year. The semiconductor company earns $-179,090,000.00 in net income (profit) each year or $0.85 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe.View Additional Information About Marvell Technology Group.
What is Marvell Technology Group's official website?
How can I contact Marvell Technology Group?
Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]
MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)
MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.
